The Bentley Azure can be leased for four years for $0 down and 48 monthly payments of $4,000 (due at the beginning of each month). Today is the day that the first payment is due

If, instead, you save the payments in a bank account at the nominal annual rate of 7.5%, then how much money will you have at the end of the fourth year? (Round answer to the nearest whole dollar)
A) $224,498
B) $223,103
C) $221,984
D) $222,768
E) $223,326


A

Business

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Pierce Corp identified the following data in preparing a bank reconciliation on October 31, 2014. Bank statement balance $29,600 Pierce's book balance (before adjustments) ? Outstanding checks 3,100 NSF checks 300 Service charges 200 Deposits in transit 2,200 Interest earned on checking account 100 What is the net amount of the adjustments to Pierce's cash balance as a result of the bank

reconciliation? a. No amounts need to be recorded b. $400 increase c. $400 decrease d. $900 decrease

Business

Cash flows from operating activities include

a. selling goods and providing services. b. acquiring buildings and equipment. c. payment of dividends. d. retiring long-term debt. e. issuing stocks and bonds.

Business

How is website stickiness measured?

A) by asking people about their goals B) by monitoring the amount of time visitors spend at a site and how many pages they visit C) by monitoring how many times a visitor goes to a competitor's site D) by tracking which locations on a site visitors click first

Business

Discuss how the delphi technique may be used to generate innovative ideas for new types of distribution channels for automobiles.

What will be an ideal response?

Business